The 39th richest man in the world, Mikhail Prokhorov, made his billions in finance and precious metal production. The billionaire's latest venture involves spending close to $200 million in an attempt at building and selling petrol electric hybrid vehicles for the Russian market.
The two-door ë-mobile (pronounced "Yo-mobile") will source all of its parts from Russia and former Soviet Union nations, and costing approximately $10,000 when it is released in 2012.
The ultra-cheap hybrid will come standard with a loud engine, negating the need to install extra sound and noise output now required by the US for all hybrid cars for safety purposes, and will achieve a top speed of 130 kilometres per hour, with fuel efficiency said to be around 3,5 litres per 100 kilometres.
Via - Fastcompany